Listed by Royal Lepage Meadowtowne Realty.

408002 Grey Rd 4 is a Store W/Apt/Office, 2-Storey and is currently for Sale @ $459,000. Taxes in 2024 were $1,937.52.

More homes for sale under 500k in Grey Highlands

Discover a unique investment opportunity with this prime retail and residential building in Maxwell, occupying a 58. The 2-Storey on 408002 Grey Rd 4 has 7 bedrooms, 3 bathrooms, and is located on a 150.00 x 58.50 ft loton < .50 acres in the community of Rural Grey Highlands .5 x 150 ft lot corner site. Located at the bustling intersection of Grey Rd 4 & 2, this property spans 4,212 square feet, featuring two residential units and one retail unit, providing a diversified income stream. Residential Unit 1 is a spacious 2,106 sq ft, offering 2 bedrooms, a kitchen, and a 3 pc washroom. Residential Unit 2 is 1,288 sq ft, also with 2 bedrooms, a kitchen, and a 4 pc washroom. Unit 3, a studio combining retail space, measures 1,288 sq ft and includes a bachelor unit with a kitchenette, 3 pc washroom, and fireplace. The property is equipped with ample parking for 6 vehicles, catering to both residential and retail needs. Significant updates have been made to ensure the building's efficiency and comfort, including above grade windows, insulation, a hot water tank (owned), updated shingles, eavestroughs, soffits, fascia, a well water system, hydro panel, and oil tank (2023). Additionally, the property features two separate hydro meters for convenience and cost management. The location is unparalleled, within a 30-minute drive of Collingwood and Blue Mountain. It is also close to various amenities, including schools, trails, golf courses, conservation areas, provincial parks, Lake Eugenia, and Kolapore ski trails, making it an attractive place to live, work, and play. The residential units are currently occupied by long-term tenants on a month-to-month basis. This versatile building, with a proven track record of income and perfect for those looking to expand their investment portfolio or establish a live-work setup. The property is offered as is, where is, and includes all chattels owned by the seller. Do not miss out on this rare opportunity to own this prime retail and residential building in Maxwell

Financials available. Corner site. Ideal redevelopment site. 3rd tenant currently shares ground level Commercial store. Great tenants, willing to stay.

The address 408002 Grey Rd 4 was listed for sale (MLS# X8492130) on Monday, July 01, 2024.